Oakworth Capital Inc. Has $52,000 Stock Position in PulteGroup, Inc. (NYSE:PHM)

Oakworth Capital Inc. lifted its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 642.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 475 shares of the construction company’s stock after buying an additional 411 shares during the period. Oakworth Capital Inc.’s holdings in PulteGroup were worth $52,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PHM. Logan Capital Management Inc. raised its position in PulteGroup by 67.7% in the third quarter. Logan Capital Management Inc. now owns 14,797 shares of the construction company’s stock valued at $2,124,000 after purchasing an additional 5,976 shares during the last quarter. Sanctuary Advisors LLC increased its stake in shares of PulteGroup by 38.1% in the third quarter. Sanctuary Advisors LLC now owns 121,299 shares of the construction company’s stock valued at $17,410,000 after buying an additional 33,472 shares during the period. Trustmark National Bank Trust Department raised its holdings in PulteGroup by 39.8% in the 3rd quarter. Trustmark National Bank Trust Department now owns 39,589 shares of the construction company’s stock valued at $5,682,000 after buying an additional 11,269 shares during the last quarter. Systematic Financial Management LP boosted its position in PulteGroup by 3.9% during the 3rd quarter. Systematic Financial Management LP now owns 130,257 shares of the construction company’s stock worth $18,696,000 after buying an additional 4,840 shares during the period. Finally, New Millennium Group LLC grew its holdings in PulteGroup by 10,625.8% during the 3rd quarter. New Millennium Group LLC now owns 9,546 shares of the construction company’s stock worth $1,370,000 after acquiring an additional 9,457 shares during the last quarter. 89.90% of the stock is currently owned by institutional investors.

PulteGroup Stock Down 1.3 %

PHM stock opened at $109.89 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.73 and a current ratio of 0.86. PulteGroup, Inc. has a fifty-two week low of $100.24 and a fifty-two week high of $149.47. The stock’s 50 day simple moving average is $116.14 and its 200 day simple moving average is $127.14. The company has a market cap of $22.54 billion, a P/E ratio of 7.47, a price-to-earnings-growth ratio of 0.49 and a beta of 1.68.

PulteGroup (NYSE:PHM) last issued its earnings results on Thursday, January 30th. The construction company reported $3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.28 by $0.22. PulteGroup had a return on equity of 24.43% and a net margin of 17.18%. On average, research analysts expect that PulteGroup, Inc. will post 13.34 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend is Tuesday, March 18th. PulteGroup’s dividend payout ratio is currently 5.98%.

PulteGroup declared that its Board of Directors has authorized a stock buyback plan on Thursday, January 30th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the construction company to buy up to 6.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PHM. Wedbush reiterated an “outperform” rating and set a $135.00 price target on shares of PulteGroup in a report on Friday, January 31st. Evercore ISI reduced their price target on PulteGroup from $198.00 to $195.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. StockNews.com downgraded PulteGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Barclays reduced their target price on PulteGroup from $125.00 to $117.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Finally, BTIG Research raised their price target on shares of PulteGroup from $139.00 to $156.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $140.86.

PulteGroup Company Profile

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes and Neighborhoods, and American West brand names.